Total Income & Tax Calculator

Total Income & Tax Calculator

Total Income & Tax Calculator

Computation of Total Income

Person

Assessment Year

Salary

Income from House Property (HP)

Non-Speculative Business Income (BP-N)

Speculative Business Income (BP - S)

Long Term Capital Gain (LT)

Short Term Capital Gain taxable @ 15% (ST-15)

Other Short Term Capital Gain (ST)

Income from Other Sources (OS)

Winning from Lottery, horse races, etc. (WIN)

Set-off Matrix

Only insert positive figure

HP Loss

BP-N Loss

ST-15 Loss

ST Loss

OS Loss

Salary

Income from House Property

Non-Speculative Business Income

Speculative Business Income

Long Term Capital Gain

Short Term Capital Gain taxable @ 15%

Other Short Term Capital Gain

Income from Other Sources

Winning from Lottery, horse races, etc.

Gross Total Income

Less: Deduction under chapter VIA

U/s 80C

- Life Insurance Premium Paid

- Investment made in PPF

- Investment in NSC

- Repayment of Housing Loan

- Investment in Provident Fund

- Investment in ELSS

- Other Eligible Investment

U/s 80CCC: Contribution to Eligible Pension Plan

U/s 80CCD: Eligible Contribution to Pension Plan

Additional benefit u/s 80CCE (A.Y.2012-13 only)

U/s 80CCF: Investment in Infrastructure Bonds

U/s 80D: Medical Insurance Premium

- For Parents (In case of an Individual)

- For Others

- Extra Benefit against payment made for Senior Citizen

U/s 80DD: Maintenance of dependent relative

- With Severe Disability

- With non-severe Disability

U/s 80DDB: Medical Treatment

- For Eligible Senior Citizen

- For Other Eligible Person

U/s 80E: Interest on Education Loan

U/s 80G: Donations

- where max. limit is not applicable - 50%

- where max. limit is not applicable - 100%

- where max. limit is applicable - 100%

- where max. limit is applicable - 50%

U/s 80U: Person with disbility

Other Eligible Deduction, if any

Total Income

Total Income (Rounded Off u/s 288A)

Agricultural Income (only for Rate Purpose)

Tax on above

Less: Tax on Agro Income & Basic Exemption Limit

Tax Liability

Add: Education Cess & SHEC

Total Tax & Cess Liability